PODCAST: Presidio Group CEO on hot dealership buy-sell market
Brodie Cobb is the founder and chief executive officer of The Presidio Group. Images courtesy of The Presidio Group Thursday, Apr. 29, 2021, 02:39 PM By Auto Remarketing Staff CARY, N.C. -
Brodie Cobb, the founder and chief executive officer of The Presidio Group, joins the Auto Remarketing Podcast to discuss why the dealership buy-sell market has been so hot over the last six to nine months.
Cobb also addresses the potential for buyers coming in from outside the industry and much more.
Plus, he explains what made the recent Lithia Motors acquisition of The Suburban Collection somewhat unique.
Store-sale roundup: Group 1 expands in Northeast & Qvale's move in Silicon Valley autoremarketing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoremarketing.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
The Presidio Group Advises on the Sale of Fink Automotive Group
March 2, 2021 GMT
TAMPA, Fla. (BUSINESS WIRE) Mar 2, 2021
The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Scott Fink, President of Fink Automotive Group, on the sale of seven new vehicle dealership franchises in the greater Tampa market to Lithia Motors, Inc. (“Lithia”) [NYSE: LAD].
“The buy sell market is especially strong right now and we knew that joining efforts with a larger group was the best way to ensure that our dealerships will continue to be market leaders in today’s fast-changing auto retail environment,” said Scott Fink, President of Fink Automotive Group. “Lithia has the resources to elevate our dealerships to the next level of sophistication.”